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VMware, Inc. Message Board

  • bigpun587 bigpun587 Jan 30, 2013 4:22 PM Flag

    Look at 2 year chart - we are at very strong support here! Bounce up is inevitable

    In the past, the stock has touched these levels ($76-78) 4 or 5 times, this is a very strong support level. Every time this stock tanked to $77 in a few days it surged back up to $85-$90 level. Given the strong call option interest at the $80 mark for February, I think a lot of technical traders agree.

    Review the 2 year chart on a daily basis...in EVERY case within 3-4 days max the stock has bounced up very swiftly.

    If you can get Feb $80 callss at $1.20 you can triple your money easily if this thing hits $81 in the next week...and it will.

    Sentiment: Strong Buy

 
VMW
85.20+0.34(+0.40%)Jul 2 4:03 PMEDT